Entrepreneur
Name
Harun
Member since
February 2014
On-time repayments
341 installments • 73%
About Me
My Names are Harun Mwangi Wamae, Married man living in Nakuru County in the city called Nakuru. I completed my secondary school in the year 2005. After this, in the year 2007, I joined a college in Nakuru city where i took a computer engineering course. After the completion of my course, I was employed as a teacher in the same county as college teacher but afterward i decided to diverse my education by joining a university and pursued a finance course. After completion i was employed and after few months i came up with an idea of saving and starting a business in order to boost my monthly income of which i managed to open a salon after 8 months out of the saving i had.
My Business
Apart from My salary, i have a salon business combined with cosmetic and M-pesa where my wife works of which we want to expand the business. The business started as a small salon out of the saving i had from my salary of which it has grown to an additional M-pesa and a Cosmetic and we believe out of your support we will be able to expand it to a bigger one of which it has started to reveal itself after several loans that has been extended to me through Zidisha which i have been comfortably serviced with the income i got from the products i bought. The business is able to make an average gross of kshs 70,000 translating to a net of about Kshs 34,000 prior to loss that i used to make in the beginning because i was even forced to dig back into my salary to support the business in paying some of the expenses. The income has shooted to a net of kshs 34,000 as per the last month of which out of it i was able to pay kshs 4200 per week toward my loan. Currently I managed to shift to a more spacious room and added one more employee.
Loan Proposal
First is to thank Zidisha staffs very much for accepting me to be among the borrowers of it. Due to the first low credit limit i am targeting to add some cosmetics in the business and later when i get a higher loan to add more stock and purchase some saloon equipments. My target at the end of the day is to see that the business has grown to a big enterprise and create jobs for other people. Looking to where i have come i believe this will be possible by having your support.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Mar 4, 2014
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
South Africa
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